Broward County, FL Closing Cost Calculator

With a median home value of $490,000, Broward County is 58% above the national median of $310,000 — placing it firmly in premium territory where careful loan-type selection matters.

A 20% down payment on a median Broward County home requires $98,000 in cash — or $17,150 for an FHA-minimum 3.5% down payment. Buyers with less than 20% down will also need to budget for PMI or FHA MIP.

Broward County's $490,000 median sits between Duval County ($300,000) and Miami-Dade County ($560,000) within the Florida counties we track.

Based on the 1.03% effective rate and a median home value of $490,000, a typical homeowner in Broward County pays approximately $5,047 in annual property taxes — or $421 per month added to their mortgage payment.

Broward County's property tax rate of 1.03% is close to the national average of 1.10%. On a median-priced home of $490,000, expect an annual tax bill of approximately $5,047.

Sources: Tax Foundation 2025

Homeowners insurance in Broward County averages around $5,000/year ($417/month) — roughly 213% above the national average of $1,600.

Premium quotes in Broward County typically range from $3,200 to $8,200 per year depending on home age, construction type, coverage limits, and your insurer. Always get multiple quotes.

Sources: NAIC 2024

A buyer purchasing the median Broward County home ($490,000) with FHA's minimum 3.5% down would borrow $472,850 — well within the $641,250 baseline FHA limit for this county. FHA financing is a viable option for most buyers here.

With 20% down on a median-priced home, the loan amount of $392,000 stays $440,750 below the $832,750 conforming limit — giving buyers access to conventional Fannie/Freddie pricing without jumbo underwriting.

Sources: HUD ML 2025-23, FHFA 2026